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CSLT

Castlight HealthNYSE:CSLT Stock Report

Last Price

US$2.03

Market Cap

US$332.2m

7D

-0.5%

1Y

25.3%

Updated

21 Jan, 2022

Data

Company Financials +
CSLT fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

CSLT Stock Overview

Castlight Health, Inc. provides health navigation solutions for employers and health plan customers in education, manufacturing, retail, government, and technology industries in the United States.

Castlight Health Competitors

Inovalon Holdings

NasdaqGS:INOV

US$6.4b

Evolent Health

NYSE:EVH

US$1.9b

Health Catalyst

NasdaqGS:HCAT

US$1.5b

HealthStream

NasdaqGS:HSTM

US$768.2m

Price History & Performance

Summary of all time highs, changes and price drops for Castlight Health
Historical stock prices
Current Share PriceUS$2.03
52 Week HighUS$2.71
52 Week LowUS$1.35
Beta1.9
1 Month Change35.33%
3 Month Change19.41%
1 Year Change25.31%
3 Year Change-22.22%
5 Year Change-37.54%
Change since IPO-94.90%

Recent News & Updates

Sep 21

Castlight Health: Tentative Signs Of A Turnaround

The company has been in the doldrums for years, but there are tentative signs that a strategic reorientation is starting to bear fruit. Winning new customers, reducing churn, upselling, and delivering value are the main drivers for a tentative turnaround. Operationally, things have already improved as cash flow has trended up for years already and is now solidly in the black. Given the company's history, some skepticism is understandable and investors might wait until the recovery is on a more solid footing.

Shareholder Returns

CSLTUS Healthcare ServicesUS Market
7D-0.5%-5.2%-6.1%
1Y25.3%-33.9%4.2%

Return vs Industry: CSLT exceeded the US Healthcare Services industry which returned -31.3% over the past year.

Return vs Market: CSLT exceeded the US Market which returned 6.6% over the past year.

Price Volatility

Is CSLT's price volatile compared to industry and market?
CSLT volatility
CSLT Average Weekly Movement10.2%
Healthcare Services Industry Average Movement10.2%
Market Average Movement6.7%
10% most volatile stocks in US Market15.6%
10% least volatile stocks in US Market2.4%

Stable Share Price: CSLT is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: CSLT's weekly volatility (10%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2008440Maeve O'Mearahttps://www.castlighthealth.com

Castlight Health, Inc. provides health navigation solutions for employers and health plan customers in education, manufacturing, retail, government, and technology industries in the United States. It provides Care Guidance Navigator that enables users to make better care decisions and navigate the employer-sponsored healthcare benefit programs; Wellbeing Navigator, which helps to drive engagement across an employer’s benefits program; Complete Health Navigator that combines the Wellbeing Navigator and Care Guidance Navigator packages for unified user experience; and Castlight Care Guides, a high-touch navigation service. The company also offers white-labeled health navigation solutions and embedded platform technology services.

Castlight Health Fundamentals Summary

How do Castlight Health's earnings and revenue compare to its market cap?
CSLT fundamental statistics
Market CapUS$332.24m
Earnings (TTM)-US$8.61m
Revenue (TTM)US$142.52m

2.3x

P/S Ratio

-38.6x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CSLT income statement (TTM)
RevenueUS$142.52m
Cost of RevenueUS$49.89m
Gross ProfitUS$92.63m
ExpensesUS$101.25m
Earnings-US$8.61m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.053
Gross Margin64.99%
Net Profit Margin-6.04%
Debt/Equity Ratio0%

How did CSLT perform over the long term?

See historical performance and comparison

Valuation

Is Castlight Health undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CSLT ($2.03) is trading below our estimate of fair value ($6.43)

Significantly Below Fair Value: CSLT is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CSLT is unprofitable, so we can't compare its PE Ratio to the US Healthcare Services industry average.

PE vs Market: CSLT is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CSLT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CSLT is good value based on its PB Ratio (2.6x) compared to the US Healthcare Services industry average (3.3x).


Future Growth

How is Castlight Health forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

22.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CSLT is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: CSLT is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: CSLT is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: CSLT's revenue (5.4% per year) is forecast to grow slower than the US market (9.2% per year).

High Growth Revenue: CSLT's revenue (5.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if CSLT's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Castlight Health performed over the past 5 years?

10.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CSLT is currently unprofitable.

Growing Profit Margin: CSLT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CSLT is unprofitable, but has reduced losses over the past 5 years at a rate of 10.8% per year.

Accelerating Growth: Unable to compare CSLT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CSLT is unprofitable, making it difficult to compare its past year earnings growth to the Healthcare Services industry (16.1%).


Return on Equity

High ROE: CSLT has a negative Return on Equity (-6.78%), as it is currently unprofitable.


Financial Health

How is Castlight Health's financial position?


Financial Position Analysis

Short Term Liabilities: CSLT's short term assets ($96.1M) exceed its short term liabilities ($32.6M).

Long Term Liabilities: CSLT's short term assets ($96.1M) exceed its long term liabilities ($4.6M).


Debt to Equity History and Analysis

Debt Level: CSLT is debt free.

Reducing Debt: CSLT had no debt 5 years ago.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable CSLT has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: CSLT is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 39.4% per year.


Dividend

What is Castlight Health current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate CSLT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate CSLT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if CSLT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CSLT's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CSLT's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.3yrs

Average management tenure


CEO

Maeve O'Meara

2.5yrs

Tenure

US$2,019,663

Compensation

Ms. Maeve O'Meara is the Chief Executive Officer and Director of Castlight Health, Inc. since July 26, 2019. She served as an Executive Vice President of Product and Customer Experience at Castlight Health...


CEO Compensation Analysis

Compensation vs Market: Maeve's total compensation ($USD2.02M) is about average for companies of similar size in the US market ($USD1.70M).

Compensation vs Earnings: Maeve's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: CSLT's management team is considered experienced (2.3 years average tenure).


Board Members

Experienced Board: CSLT's board of directors are considered experienced (5.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.4%.


Top Shareholders

Company Information

Castlight Health, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Castlight Health, Inc.
  • Ticker: CSLT
  • Exchange: NYSE
  • Founded: 2008
  • Industry: Health Care Technology
  • Sector: Healthcare
  • Implied Market Cap: US$332.240m
  • Shares outstanding: 163.66m
  • Website: https://www.castlighthealth.com

Number of Employees


Location

  • Castlight Health, Inc.
  • 150 Spear Street
  • Suite 400
  • San Francisco
  • California
  • 94105
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/21 23:51
End of Day Share Price2022/01/21 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.